Indian Market Outlook: December 08, 2021

NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 16870-16920 and resistance is between 17380-17430.

BANKNIFTY short term support is between 36000-36100 and resistance is between 37350-37450.

Max pain for NIFTY has increased to 17200.

Max pain for BANKNIFTY has increased to 36500.

Max pain for USDINR is same at 75.25.

Can look for Long CALL/Short PUT on drop.

Last Trading Day's Highlights for us:

Algo Trading:
Weekly BANKNIFTY strategies trades: Under control.

trade setup:

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